Nordea’s divestment of its shares in Nets Holding A/S completed

The sale of Nordea's 20.7% stake in Nets Holding A/S to a consortium consisting of funds advised by Advent International, ATP and Bain Capital was completed today.

Nordea's total proceeds of the divestment was approximately DKK 3.5 billion (approximately EUR 470 million) leading to a tax-free capital gain of approximately DKK 2.8 billion (EUR 378 million) that will be recognised during the third quarter in Other income.

For more details, see today's press release from the buying consortium.